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Export turnover of Vietnam’s goods to Japan increased by nearly 13%

11/07/2022

Currently, the scale of import-export turnover between Vietnam and Japan ranks fourth after partners China, the United States and South Korea. In the first six months of 2022, Vietnam's total export turnover to Japan reached USD 11.38 billion, an increase of nearly 13% over the same period last year.

According to statistics of the General Department of Customs, in the first 6 months of 2022, the total export turnover of Vietnam to Japan reached USD 11.38 billion, an increase of nearly 13% over the same period last year, equivalent to an increase of USD 1.3 billion in turnover. Vietnam's export goods are quite diverse from the field of agricultural products to processing and manufacturing.

In the first six months of the year, there were 3 groups of exported goods with the value of USD 1 billion or more, including: textiles and garments with nearly USD 1.67 billion; machinery, equipment, tools and spare parts with USD 1.364 billion; means of transport and spare parts with USD 1.2 billion.

In addition, there are many commodity groups with a turnover of hundreds of millions of USD such as seafood (USD 800 million); computers, electronic products and components (USD 603.7 million); phones and components (USD 538.7 million); footwear (USD 495.8 million); plastic products (USD 386 million), etc.

In the opposite direction, imports from Japan in the first six months of the year reached USD 12 billion, an increase of 10.6% over the same period last year, equivalent to an increase in turnover of USD 1.15 billion.

Similar to exports, in the first six months of the year, there were 3 groups of imported goods with USD 1 billion USD or more, including: computers, electronic products and components with more than USD 3.5 billion; machinery, equipment, tools and spare parts with USD 2.14 billion; iron and steel with more than USD 1 billion. In the past six months, the trade balance between the two countries is quite balanced (Vietnam has a trade deficit of USD 620 million).

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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